PRESIDENT OF UZBEKISTAN GOT ACQUAINTED WITH ACTIVITIES OF “LT TEXTILE INTERNATIONAL” FOREIGN ENTERPRISE IN KARSHI DISTRICT

PRESIDENT OF UZBEKISTAN GOT ACQUAINTED WITH ACTIVITIES OF “LT TEXTILE INTERNATIONAL” FOREIGN ENTERPRISE IN KARSHI DISTRICT

2505/18

PRESIDENT OF UZBEKISTAN GOT ACQUAINTED WITH ACTIVITIES OF “LT TEXTILE INTERNATIONAL” FOREIGN ENTERPRISE IN KARSHI DISTRICT

A number of enterprises were commissioned in Kashkadarya region in 2017, including “LT Textile International” foreign enterprise in Karshi district and “Sulton Tex Group” private enterprise in the city of Karshi.

The first stage of the enterprise, built at the expense of investments of Chinese investors, was put into operation in July 2017. Modern energy-saving equipment from Germany and Switzerland is installed here. More than 700 jobs are created at the enterprise, about 60 young workers have been trained in China.

The enterprise produces 22 thousand tons of yarn per year. The main part of the production is planned to be exported. Over the past period, over 4,6 thousand tons of raw cotton have been processed and over 3,5 thousand tons of yarn exported.

The President of Uzbekistan got acquainted with the activity of the enterprise, talked with workers. It was noted that all conditions will be created for foreign investors ready to contribute to the development of Uzbekistan’s economy.

Our main goal is to develop export activities and increase the welfare of the population, said President of the country.

Presentation of the program on development of sewing and knitting industry in Kashkadarya region was also held here.

In particular, activities planned within the framework of the second and third stages of development of LLC “LT Textile International” were considered. It will be completed in the second quarter of 2019, which will allow to increase production of yarn and create 650 jobs.

“Sulton Tex Group” private enterprise in the city of Karshi also presented a project on development of light industry in the region.